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Tesla Proposes $1 Trillion Compensation Plan for Elon Musk, Tied to Ambitious Targets
Tesla's $1 trillion CEO pay plan ties Elon Musk's compensation to achieving ambitious market value and operational goals over the next decade, aiming to retain his leadership amid competition.
- Tesla proposed a $1 trillion compensation plan for CEO Elon Musk, contingent on meeting aggressive targets over the next 10 years, according to a regulatory filing by the company.
- Musk must increase Tesla's market valuation to $8.5 trillion and deliver 20 million vehicles to receive the full payout, as outlined in the company's SEC filing.
- If the plan is approved, Musk could gain nearly 29% voting power over Tesla, with conditions including creating a CEO succession framework.
- Tesla's board indicated that if the new plan is not approved, Musk might leave the company, citing concerns over retaining and incentivizing him effectively.
37 Articles
37 Articles
Elon Musk in Line for $1T Payout
Tesla CEO Elon Musk could be in line for a payout of $1 trillion if his electric car company meets a series of extremely aggressive targets over the next 10 years, according to documents released by the company. Tesla, which is leaning heavily into robotics and AI, said in a...
The board of directors of the electric car manufacturer Tesla has proposed a compensation package of up to $1,000 billion for the company's CEO Musk.
The Board of Directors of Tesla attracts CEO Elon Musk with an unprecedented compensation package. If the company achieves certain goals, the richest person in the world will be richer by up to $1 trillion. That would be by far the highest compensation package ever awarded to a manager. The goals it is attached to are likely to be tied above all to the growth of products with artificial intelligence (AI) and autonomous systems. Currently, demand…
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